v3.26.1
Consolidated Balance Sheets - BRL (R$)
R$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current    
Cash and cash equivalents R$ 14,421,022 R$ 23,310,197
Financial investments 642,715 911,378
Trade receivables 2,397,033 2,900,998
Inventories 10,455,500 10,439,741
Recoverable taxes 1,376,434 1,367,316
Other assets 1,037,925 856,063
Total current assets 30,330,629 39,785,693
Long-term assets    
Financial investments 25,257 169,977
Deferred taxes 7,100,375 7,345,326
Inventories 2,073,526 1,761,172
Recoverable taxes 3,976,900 2,799,951
Other assets 3,851,362 5,232,370
Total long-term assets 17,027,420 17,308,796
Investments  8,292,026 5,948,051
Property, plant and equipment 33,919,169 30,426,023
Intangible assets 11,006,125 10,438,091
Total non-current assets 70,244,740 64,120,961
TOTAL ASSETS 100,575,369 103,906,654
Current    
Borrowings and financing 10,428,559 8,821,679
Payroll and related taxes 549,940 560,695
Trade payables 7,162,929 7,030,734
Taxes payables 736,075 719,253
Provision for tax, social security, labor and civil risks 61,455 132,112
Dividends and interest on equity payable 358,039 61,965
Advances from customers 4,347,937 3,648,639
Trade payables – Forfaiting 2,905,018 2,902,593
Other payables 1,524,447 1,238,805
Total current liabilities 28,074,399 25,116,475
Non-Current    
Borrowings and financing 42,495,988 48,092,942
Advances from customers 9,026,766 10,120,950
Deferred taxes 589,451 541,329
Provision for tax, social security, labor and civil risks 812,721 1,245,590
Pension and healthcare plan 402,415 473,046
Provisions for environmental liabilities and decommissioning 1,187,609 1,133,363
Other payables 2,249,670 1,723,843
Total non-current liabilities 56,764,620 63,331,063
Shareholders’ equity    
Paid-in capital 10,240,000 10,240,000
Capital reserves 2,056,970 2,056,970
Earnings reserves   640,460
Legal reserve   1,158,925
Net loss (202,989)  
Other comprehensive income 782,078 (1,824,917)
Total shareholders' equity of controlling shareholders 12,876,059 12,271,438
Non-controlling interests 2,860,291 3,187,678
Total shareholders' equity 15,736,350 15,459,116
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY R$ 100,575,369 R$ 103,906,654